property tax: Appealing your property tax can be a challenge - 02/21/10 07:13 AM
For many people, keeping a close eye on their property tax bill is becoming the norm across the country, and for good reason. With the decline in the real estate market and the sheer fact that so many are trying to hold on to every dollar that they can, it is possible to save $100's, and for some $1000's, each year. Lowering your property tax has never been an overly difficult process, but until recently, less than 5% of property owners appealed their property tax assessments every year. Give the dramatic change in property values recently, this begs the question: What … (1 comments)

property tax: State Property Tax Comparison - 06/28/09 01:34 PM
How does your state's property tax compare to the rest of the country? With property values falling across the country the amount of tax paid should drop, however this is not the case. The inefficiencies with local assessing authorities has created a large inconsistency with assessed versus market value.
The site lowpropertytax.net illustrates average property tax collections per state and ranks each state in terms of tax paid.
We would expect California to see a huge drop in tax collection compared to Oregon for example. Property value decreases have been more prevelant in California than Oregon yet average collections have remained … (0 comments)

property tax: Property Tax Versus Property Tax - 06/20/09 12:20 PM

Like many American’s last February I went and visited my accountant to prepare and file a federal tax return. Many thoughts raced through my mind on how to spend my newly found fortune, new clothes, a well-deserved night out or possibly pay down the credit card. Although all of them sounded appealing, like many of us I used my tax return to pay my property tax bill. This is a common way for many; use our tax return to pay our property tax.
This vicious cycle has been played out every spring since I became a homeowner. It was not … (0 comments)

property tax: National network of real estate professionals aim to bring awareness to residential property taxes - 04/22/08 07:20 AM
The recent downturn in the housing market has created a discrepancy in a properties actual market value and its assessed taxable value. In response to this market condition Property Tax Experts was formed to provide a resource of information and advice to homeowners.
It is estimated that over 60% of homes in America are over assessed and as home values continue to drop that figure will grow.
Property Tax Experts growth is based on the experience of its affiliated real estate professional base. Most have over 10 years experience and all are licensed and regulated by a state agency. This experience … (1 comments)

property tax: We Ignore our Property Tax but hire professionals to handle our Income Tax every year. - 03/18/08 09:12 AM
Like many American's last month I went and visited my accountant to prepare and file a federal tax return. Many thoughts raced through my mind on how to spend my newly found fortune, new clothes, a well-deserved night out or possibly pay down the credit card. Although all of them sounded appealing, like many of us I used my tax return to pay my property tax bill. This is a common way for many; use our tax return to pay our property tax.
This vicious cycle has been played out every spring since I became a homeowner. It was not until last … (0 comments)

property tax: Lower your Property Taxes - 03/08/08 01:57 AM
This is the time of year for many across the country to get our property tax assessment notices. This could be a surprise to many Americans. With property values falling to record lows, some may actually see that the local tax man has valued their home higher than it actually could sell for in the open market.
Also known as the assessed value or taxable value, what local assessors value your home at has the most impact on your property tax. For example if your home's assessed value was $100,000 and your local tax rate was 12 mills your annual tax … (0 comments)